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, relative to the death of the honorable daniel k. inouye, senator from the state of ohio. -- hawaii. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip each, to five minutes but in no event shall debate continue beyond 11:50 a.m. the chair recognizes the gentleman from oregon, mr. blumenauer, for five minutes. mr. blumenauer: thank you, mr. speaker. the reality behind the fiscal cliff is that if we really get down to work, talking with one another, digging into the details, it really is not that hard. the nuclear arsenal is a prime example and something that doesn't get nearly the attention it deserves and is an illustration of why the fiscal sequestration level over the next 10 years for the department of defense, which would bring it down to 2007 spending leve
be interested to see. he was the pros -- supposed to leave for hawaii for his christmas vacation today. i do not think it would happen. this morning around 10:30 a.m. for the national -- at the national cathedral for the funeral. i did not know what he does next. democrats have been saying all along they were prepared to go over the cliff if they were not presented with a deal they thought was acceptable. i think it is possibly even at this point looks likely to happen. and then they would have to move on what is next. they always believed from a strategic perspective that if they went over the cliff, all of the taxes would expire and any thing the house republicans would pass from then on out would be a tax cut as opposed to a tax increase. this has been a rhetorical proposition that was put out by even senator patty murray as early as last july. the funny thing what is when you heard top republican talkers and leadership discussing the vote that was supposed to be happening last night that is how they phrased it. not a tax hike but letting rates rise on an income where it was already set t
in places like california and hawaii because of land use laws from the 1960's. second, if you look to the community reinvestment act, if you think that is the cause of the bubble, you have to explain why there was not a bubble in houston, raleigh, n.c., that winter? -- atlanta? it applied to those cities just as much as san francisco and miami, yet there were bubbles there and no balls in houston, omaha, -- bubbles in houston, ohio, -- global hawk, where have you. host: you conclude the book with "home ownership is not just an american dream, a dream of people all over the world. guest: that is absolutely right. a lot of research has shown that homeownership is one way to help people get out of poverty. if you want to start a small business, it turns out most are started with a loan on a business owner's home. if you want to put your kids through college, you can borrow against your home. homeownership is a way to build wealth. yet we have government saying we should get more people into apartments, fewer people into cinder the -- single-family homes. host: what is the track over l
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